Wednesday, January 20, 2010

The world has managed some recovery after capitalism attempted to devour itself once more. But those who led us down the path of their inevitable destruction are now the loudest whiners. We are discovering that it was worse than imagined. Also we know that the socialistic measures instituted were once again the saviour of the capitalists (read - bailouts). But now, when hope appears in many facets of economic indicators, jobs aren't being created. Who's fault? Well, who hires people? You guessed it, the capitalists. But they are content to let the government pay unemployment compensation to people who would otherwise end up rioting. Such histories are proven in blood.

Predictable even by their own equations, the most greedy among us plunged the entire world to the brink of a labyrinthine abyss of depression. And those who represent the capitalists the most, who are the Republican Party of the United States, refuse to participate in the recovery. Now these same people refuse to do any hiring! How often can history repeat itself without society learning? Apparently, ad nauseum. The Republicans have refused any measure of assistance for not only the economy but also to it's very backbone, the workers.

Of course we need people to take risks with their money to keep it circulating. But if they didn't and just hoarded it, what would it be worth? Who would want it? It is the duty capitalists owe to themselves to keep their money in circulation. But as everyone knows, labor is the source of all wealth. So, is it the duty of labor to bail out the capitalists when their excesses become brinkmanship? Pitiably, yes, and so do labor's children and even their children by way of taxes to pay off the Republican binge of spending and tax cuts for the wealthy. And of course the wars of the Republicans rage on, maximizing our debt, again ad nauseum. But they couldn't be bothered with 'details' like infrastructure - roads, bridges, information, et cetera.

Republicans are shamefully opposed to providing for such basic human needs as healthcare. But if the businesses they own would be better providers of such minimal services, the government would not need to step in to fill this very desperate need. Instead, their concern is merely to funnel wealth to fewer and fewer people. Theirs is the legacy of the Whig Party, essentially bankers' interests who also led the U.S. into a severe depression!

There is no credible doubt that unregulated financial machinations were responsible for the banking collapses and global recession of 2007-2009. The Republicans are thoroughly aware of this, they are the party of deregulation. When they had sizable U.S. political majorities in recent years, they in fact deregulated financial sectors to unparalleled levels; the distinction of "bank" was even blurred. While such irresponsibility allowed a temporary boom, it was short-lived. Now while Republicans sock away former profits, they complain about jobs. But primarily, they are the ones with wealth and companies, they must create the jobs. They appear to be creating unemployment artificially for political gain.